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Apr 10, 2013
04/13
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it is reducing budget deficits. we have staggering national debt, though, and that's what they keep fighting about. >> you think the end of july deadline for increasing the nation's debt ceiling in effect is a deadline for the republicans and democrats to come up with some sort of plan? we don't have that have that crisis at the end of july? >> i think we have a washington that is for some reason into these manufactured and avoidable crises. i never thought last august we would have a crisis of a deadline and we certainly did. i hope we don't, again, in july. but i think you're seeing, i don't know, you tell me, i think you're seeing more opportunity for consensus now than we did a year and a half ago and maybe that's a good sign. >> i think it was a little bit more, but i wouldn't -- >> a little, a tiny, tiny bit. >> i know that the president's going to have another dinner with a dozen republican senators tonight here in washington so that charm offensive continues. let's hope it becomes very charming and everybody
it is reducing budget deficits. we have staggering national debt, though, and that's what they keep fighting about. >> you think the end of july deadline for increasing the nation's debt ceiling in effect is a deadline for the republicans and democrats to come up with some sort of plan? we don't have that have that crisis at the end of july? >> i think we have a washington that is for some reason into these manufactured and avoidable crises. i never thought last august we would have...
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Jan 14, 2013
01/13
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the consensus is, we need about $4 trillion to stabilize our debt and our deficit. which means we need about $1.5 trillion more. the package that i offered to speaker boehner before we -- before the new year would achieve that. we were actually fairly close in terms of arriving at that number. so if the goal is to make sure that we are being responsible about our debt and our deficit, if that's the conversation we're having, i'm happy to have that conversation. and by cin
the consensus is, we need about $4 trillion to stabilize our debt and our deficit. which means we need about $1.5 trillion more. the package that i offered to speaker boehner before we -- before the new year would achieve that. we were actually fairly close in terms of arriving at that number. so if the goal is to make sure that we are being responsible about our debt and our deficit, if that's the conversation we're having, i'm happy to have that conversation. and by cin
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Feb 17, 2013
02/13
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>> we have to make the growth deficit a priority in just the way we've been making the fiscal deficit a priority. because the truth is, we are never going to resolve the fiscal deficit in any ultimate sense in an economy that's growing at 1%, 1.5% or even 2% a year. we have to move to a focus on the growth deficit and if we do that, i think we'll be surprised at how rapidly we'll see improvement in the fiscal picture and i think we'll see a variety of -- because extra tax revenues will come in and less need to pay unemployment insurance benefits. i think we'll also be surprised at, as the economy starts to grow, businesses will be able to invest more in innovation. there's a tendency, which i think is badly wrong, to argue that we need to stop focusing on the short run and we need to focus on the long run instead. i think when we put the focus on stopping stagnation and having america be a rapid escalator, again, what we are doing is the policy that will best prepare us for the long run. >> so, what you are saying, finally, is that the whole effort of kind of the conventional wisdom a
>> we have to make the growth deficit a priority in just the way we've been making the fiscal deficit a priority. because the truth is, we are never going to resolve the fiscal deficit in any ultimate sense in an economy that's growing at 1%, 1.5% or even 2% a year. we have to move to a focus on the growth deficit and if we do that, i think we'll be surprised at how rapidly we'll see improvement in the fiscal picture and i think we'll see a variety of -- because extra tax revenues will...
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Dec 19, 2012
12/12
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more than any other deficit reduction package. we will have stabilized it for ten years. that is a significant achievement for them. they should be proud of it. they keep on finding ways to say no as opposed to finding ways to say yes. i don't know how much of that just has to do with, you know, it is very hard for them to say yes to me. but, you know, at some point they've got to take me out of it and think about their voters. they can think about what's best for the country, and if they do that, if they're not worried about who is winning and losing, did they score a point on the president, they extract that little little concession, did they -- you know, force them to do something he really doesn't want to do just for the heck of it, then they focus on actually good for the country, i think we can get this done. >> reporter: you mentioned the 700 and 800,000, are you willing to move on any kind of level, and are there specific things -- >> i'm not getting into specific negotiations here. my point is simply, carol, that if you l
more than any other deficit reduction package. we will have stabilized it for ten years. that is a significant achievement for them. they should be proud of it. they keep on finding ways to say no as opposed to finding ways to say yes. i don't know how much of that just has to do with, you know, it is very hard for them to say yes to me. but, you know, at some point they've got to take me out of it and think about their voters. they can think about what's best for the country, and if they do...
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Sep 19, 2011
09/11
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the deficit is a real abstraction. but everybody -- not only do people understand income and taxes in the back of almost everyone's head, i don't know about you, but i plan to be one of the wealthiest americans some day and there's this kind of identification with the very wealthy because most people think if they buy the right lotto ticket or work a lot harder, they'll be there too. so i think the president is going to find it hard to take that soft poll number where most people say yeah, we ought to tax the rich more and turn it into a heart felt opposition to letting the wealthy go on paying the rate that they pay. >> i think everyone mould like to make more than a million dollars a year, but the odds of th that happening is the same odds of winning the lottery. >> yet they'll be lined up, when you're buying some gum tomorrow, everyone will be lined up buying lotto tickets, right? >> yes. is there some political strategy at work here that most of us may not be aware of? >> well, absolutely. look, the reality is he's
the deficit is a real abstraction. but everybody -- not only do people understand income and taxes in the back of almost everyone's head, i don't know about you, but i plan to be one of the wealthiest americans some day and there's this kind of identification with the very wealthy because most people think if they buy the right lotto ticket or work a lot harder, they'll be there too. so i think the president is going to find it hard to take that soft poll number where most people say yeah, we...
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Dec 27, 2012
12/12
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health care, the biggest add to our deficit in this country is rising health care costs. do we need to tangle those? how do they interact with the changes that are going to be set up across the country. is it going to cost the taxpayer more or less? all those have to be in the realm of realistic facts and figures. >> you're in arizona today. many of your constituents worked over the holidays. do you think congress should have stayed in washington to work for an agreement? >> absolutely. absolutely. once you know, once the boehner plan "b" collapsed, all we got was a notification, you can go home. we'll call you when we're ready. boehner's got to get off -- the majority of the majority must agree to something. it's going to take democratic votes to pass a tough fiscal compromise and unless there is inclusion and discussion on both sides of the aisle about this issue, that compromise gets tougher and tougher. >> thank you for coming "outfront." >> appreciate it. thank you. >> now, on the other side of the aisle. republican congressman of wisconsin. congressman, you just hea
health care, the biggest add to our deficit in this country is rising health care costs. do we need to tangle those? how do they interact with the changes that are going to be set up across the country. is it going to cost the taxpayer more or less? all those have to be in the realm of realistic facts and figures. >> you're in arizona today. many of your constituents worked over the holidays. do you think congress should have stayed in washington to work for an agreement? >>...
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Sep 19, 2011
09/11
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it includes a trillion dollars that he think he's can shave off the deficit. a trillion dollars just from winding down the conflict in afghanistan and iraq. that's going to find a lot of support from his progressive and leftive base. it will probably play well with independents as well. they want to see the government spend less. so is he playing politics? absolutely he is. >> absolutely. and look for more politics tomorrow after he announces it. errol lou ithank you very much. >>> coming up here on cnn, a murder trial begins monday for the second person charged in a case that horrified the nation. it all started as a home invasion in connecticut. ruck that has it all. ♪ gue thameans youan dit all. it's thevseason of doing now combine the all-star editn discount with oer offers for a tal value of $6,000. or quifieduys can get 0% apr for 60 mont plus $1,000 llan ll sileradmols. get to your evy aler and ghat truck today >>> want to check your headlines right now. parishioners had to spring into action today when a gunman opened fire inside a lakeland, florida,
it includes a trillion dollars that he think he's can shave off the deficit. a trillion dollars just from winding down the conflict in afghanistan and iraq. that's going to find a lot of support from his progressive and leftive base. it will probably play well with independents as well. they want to see the government spend less. so is he playing politics? absolutely he is. >> absolutely. and look for more politics tomorrow after he announces it. errol lou ithank you very much....
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May 14, 2011
05/11
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and these should be actual cuts, real reforms to these programs, not broad deficit or deficit targets that punt the questions to the future. and with the exception of tax hikes, which in my opinion will destroy american jobs, everything is on the table. >> will, what serious conversation about debt reduction begins by absolutely taking the possibility or discussion of tax hikes off the table? >> not very many serious discussions. i don't know. i remember when i was little, my dad took me to a car dealership and said, this is how you buy a car. i remember they wrote the numbers down on a piece of paper and slid them across the table. my dad's offer was excessively low. that's the only comparison i can make. i look to guys more like tom coburn. you can't question coburn's ideological position. >> i hope you're right. that's what people around me at the speech were saying. it's an hoping salvo. jean, if we wanted to keep our debt at the level that it's at right now, not reducing it just simply keeping it from growing through spending cut, we'd have to cut our spending by 32%, or basicall
and these should be actual cuts, real reforms to these programs, not broad deficit or deficit targets that punt the questions to the future. and with the exception of tax hikes, which in my opinion will destroy american jobs, everything is on the table. >> will, what serious conversation about debt reduction begins by absolutely taking the possibility or discussion of tax hikes off the table? >> not very many serious discussions. i don't know. i remember when i was little, my dad...
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Aug 1, 2011
08/11
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a deficit posse. both chambers of congress must vote on adding a balanced budget amendment to the constitution. the president and house speaker admit it's not perfect, but it may be good enough to avoid a disastrous default. we are covering all the angles. at the new york stock exchange and wolf blitzer and the international reaction from london and richard quest sampling public opinion on the washington mall. let's start with you. how big of a test is this for president obama and the leaders who backed the deal. >> they will have enough votes to pass it probably overwhelmingly, more than the 60 that will be needed. it won't simply be a majority and lead more than 60. they will get somewhere between 70 and 75 votes in the united states senate. the real test will be in the house of representative. 216 votes and there few vacancies. 216 in the votes to pass it and it will be a closer vote in the house. you have on the conservative side, tea party backer who is and on the liberal side, we have the progre
a deficit posse. both chambers of congress must vote on adding a balanced budget amendment to the constitution. the president and house speaker admit it's not perfect, but it may be good enough to avoid a disastrous default. we are covering all the angles. at the new york stock exchange and wolf blitzer and the international reaction from london and richard quest sampling public opinion on the washington mall. let's start with you. how big of a test is this for president obama and the leaders...
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Feb 13, 2013
02/13
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the tax increases and the deficit spending you propose will hurt middle class families and cost them their raises. it will cost them their benefits. it may even cost some of them their jobs and it will hurt seniors because it does nothing to save medicare and social security. so, mr. president, i don't oppose your plans because i want to protect the rich. i oppose your plans because i want to protect my neighbors. hard working, middle class american who is don't need us to come up with a plan to grow the government, they need a plan to grow the middle class. economic growth is the best way to help the middle class. unfortunately our economy actually shrank during the last three months of 2012. if we can get the economy to grow at just 4% a year it would create middle class jobs and reduce our deficits by almost $4 trillion over the next decade. tax increases can't do this. raising taxes won't create private sector jobs and there is no realistic tax increase that could lower our deficits by almost $4 trillion. that's why i hope the president will abandon his obsession with raising tax
the tax increases and the deficit spending you propose will hurt middle class families and cost them their raises. it will cost them their benefits. it may even cost some of them their jobs and it will hurt seniors because it does nothing to save medicare and social security. so, mr. president, i don't oppose your plans because i want to protect the rich. i oppose your plans because i want to protect my neighbors. hard working, middle class american who is don't need us to come up with a plan...
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May 15, 2011
05/11
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real reforms to these programs, not broad deficit or deficit targets that punt the questions to the future. and with the exception of tax hikes which, in my opinion, will destroy america's jobs, everything is on the table. >> what serious conversation about debt reduction begins by absolutely taking the possibility or discussion of tax hikes off the table? >> not very many serious discussions. i remember when i was little, my dad took me to a car dealership, ali, and he said, this is how you buy a car. i remember they wrote numbers on a piece of paper and passed them across the table. my dad's number, i'm sure, was absurdly low. that's the only explanation i can give with boehner, is saying a very low bid to hike tup later. that's why i look to guys like tom coburn who is a party of six. you can't question his opposition, he's conservative, but he understands reality. >> i hope you're right, and that's what some people around me at that speech were saying. jean with cnn money. jean, if we want to keep the level of debt at the number it's at right now, not reducing, just to keep it growing
real reforms to these programs, not broad deficit or deficit targets that punt the questions to the future. and with the exception of tax hikes which, in my opinion, will destroy america's jobs, everything is on the table. >> what serious conversation about debt reduction begins by absolutely taking the possibility or discussion of tax hikes off the table? >> not very many serious discussions. i remember when i was little, my dad took me to a car dealership, ali, and he said, this...
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Mar 14, 2017
03/17
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what speaker ryan will sell to his members on the conservative side of the aisle, that the cbo says deficit reduction and getting rid of obamacare and this is a chance for them to push forward a legislative agenda that they have been promising for years. the challenge for the tea party and speaker ryan and the white house at this point is not whether this passes or doesn't, it's that president trump campaigned on the idea that he would come up with the idea that lowers the cost and provided more coverage and provided better coverage, john, and i don't think anybody thinks that bill does this, so whether or not it passes they have a rocky road ahead on the republican side. >> he said insurance for everybody, and in an interview which are problematic words for the white house and speaker. okay. yesterday for some reason the white house chose to start walking back the president's claims that he was wiretapped by president obama. sean spicer at the podium during the press conference, and this is what he said. >> he doesn't think president obama went up and tapped his phone personally, but there
what speaker ryan will sell to his members on the conservative side of the aisle, that the cbo says deficit reduction and getting rid of obamacare and this is a chance for them to push forward a legislative agenda that they have been promising for years. the challenge for the tea party and speaker ryan and the white house at this point is not whether this passes or doesn't, it's that president trump campaigned on the idea that he would come up with the idea that lowers the cost and provided...
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Apr 28, 2020
04/20
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you have a huge deficit in your state because of the pandemic. do you the money on the state and local level to deal with getting the tests, all the things for the tests, the tracing, once you find people have the virus, the manpower that is required and do all the different steps, the complexity, can you fund that? >> no, that's an enormous burden, but really, you know, the swabs, the reagents, again, that supply chain, that's where the federal government should take the lead. i think they're catching up now but seeing is believing. >> but if you don't have the money then you're not going to be able to do it, and i haven't heard them discuss tracing because that's labor intensive, nor have i heard them discuss giving you guys the money you need at the state and local level to do what they say you need to do for yourselves. >> yeah, chris, the biggest money issue is the fact that if we have a $500 million deficit, 90% of it is related to a collapse of income tax and sales tax revenues. and that's true of virtually every state, blue and red, aroun
you have a huge deficit in your state because of the pandemic. do you the money on the state and local level to deal with getting the tests, all the things for the tests, the tracing, once you find people have the virus, the manpower that is required and do all the different steps, the complexity, can you fund that? >> no, that's an enormous burden, but really, you know, the swabs, the reagents, again, that supply chain, that's where the federal government should take the lead. i think...
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Dec 27, 2012
12/12
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they could have had the more popular message about cutting deficit spending, right? >> the truth is they would have been better taking the deal that john boehner negotiated with president obama way back when. they missed the moment. i think the real fear is who pays the price. i think the republicans has a point but will pay the price and the real people that will pay the price are the americans, the middle class. it is crazy to put us through this. >> all of the focus on tax cuts but the revenue from increases the taxes on the wealthy will barely make a dment the deficit to say nothing of the trillions of dollars in debt we are talking about. it is a symbolic fight the president is determined to win off of his re-election. >> it is not symbolic. there will be money raised if the tacks for the top 2% are left to expire. let me bring up a point. no democrat and certainly not this president, has said there should be no spending cuts. on the contrary. this president has put on the table quite an extraordinary amount of spending cuts to the sh grin of many democrats, i m
they could have had the more popular message about cutting deficit spending, right? >> the truth is they would have been better taking the deal that john boehner negotiated with president obama way back when. they missed the moment. i think the real fear is who pays the price. i think the republicans has a point but will pay the price and the real people that will pay the price are the americans, the middle class. it is crazy to put us through this. >> all of the focus on tax cuts...
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Oct 6, 2012
10/12
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the deficit then was nearly as big and that deficit was almost erased. how did roosevelt do that? created social security and levied heavier taxes, programs for housing and agriculture, put new controls over banks, public utilities and created enormous work relief programs for the unemployed. sounds similar to the president's proposals today, but unlike the last four years fdr saw the unemployment drop, millions of jobs created, gdp jumped, the deficit shrank and the middle class saw a huge expansion that lasted for decades, a building of the middle class that's the envy of the world or used to be. peter, peter morici, can this feat of rebuilding the middle class and reducing the deficit, can that happen again? >> absolutely, but we have to remember that roosevelt inherited a very small government, so expanding it wasn't the rock on the back of the private sector. a more comparable situation was reag reagan's dilemma, inherited an economy with double digit inflation and interest rates and unemployment that peaked at 10.8%, not 10 as mr. obama's did, but hy he took his stimulus in
the deficit then was nearly as big and that deficit was almost erased. how did roosevelt do that? created social security and levied heavier taxes, programs for housing and agriculture, put new controls over banks, public utilities and created enormous work relief programs for the unemployed. sounds similar to the president's proposals today, but unlike the last four years fdr saw the unemployment drop, millions of jobs created, gdp jumped, the deficit shrank and the middle class saw a huge...
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Dec 27, 2012
12/12
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they could have had a more popular message about cutting deficit spending, right? >> the truth is they would have been a lot better off taking the deal that boehner was negotiating with president obama way back when. it was a better deal all the way around. they missed that moment. but i think the real thing is who pays the price. the people who are going to pay the price are the americans, the middle class. this is crazy. it's nuts to be putting us through this. >> maria, all the focus on tax cuts. but the revenue from increasing the taxes on the wealthy will barely make a debt in the deficit to say nothing of the trillions in debt we're talking about. is this just a symbolic fight that the president is determined to win off his election? >> it's not symbolic. there will be money raised if the tax cuts for the top 2% are left to expire. but let me just bring up a point. no democrat and certainly not this president has said there should be no spending cuts. on the contrary this president has put on the table quite an extraordinary amount of spending cuts to the cha
they could have had a more popular message about cutting deficit spending, right? >> the truth is they would have been a lot better off taking the deal that boehner was negotiating with president obama way back when. it was a better deal all the way around. they missed that moment. but i think the real thing is who pays the price. the people who are going to pay the price are the americans, the middle class. this is crazy. it's nuts to be putting us through this. >> maria, all the...
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Dec 19, 2012
12/12
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the speaker's office released this photo to show he is trying to cut a broad deal to reduce the deficit and avert the fiscal cliff even though he's also now pursuing what he calls plan b. >> our plan b would protect american taxpayers who make $1 million or less and have all of their current rates extended. >> reporter: according to sources in the room, the speaker described this backup plan to house republicans as a way to try to inoculate the gop from political blame if fiscal cliff compromise talks fail. >> his point was we have to face reality and the reality is the president was re-elected, that taxes if we do nothing on every american are going up on january 1st. >> reporter: another goal of this new plan b tactic, try to force the president to agree that any package to reduce the deficit be equal parts tax increases and spending cuts. >> that at this point would be my version of a balanced approach. >> reporter: part of the republican strategy is also to call the democrats' bluff. just two years ago, high profile democrats came up with the idea of extending tax cuts for incomes u
the speaker's office released this photo to show he is trying to cut a broad deal to reduce the deficit and avert the fiscal cliff even though he's also now pursuing what he calls plan b. >> our plan b would protect american taxpayers who make $1 million or less and have all of their current rates extended. >> reporter: according to sources in the room, the speaker described this backup plan to house republicans as a way to try to inoculate the gop from political blame if fiscal...
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May 29, 2021
05/21
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i think joe biden's aspirations are deficits and run away inflation. money is cheap, turn on the printers and print some more. if you've been to the grocery store lately, if you've filled up your car with gas you know that inflation is real because of all the money that we've printed over the last year and now joe biden wants to print more? it's going to mean higher taxes on people. i think bipartisanship on this, christi, is unlikely because we're on our way to an epic clash between liberals and conservatives between how much debt deficit should we have, how much inflation can we tolerate? i think this is going to be a huge argument that plays out not just in the '22 mid term. this is a real ideological argument. >> sure. what do you say to people that argue that republicans weren't too concerned about debt when president trump was in office. >> nobody's hands are clean on debt and deficits in washington. it's time for the republican party to find religion. it's our traditional core i shall u. we need to find it. donald trump led this party down a dif
i think joe biden's aspirations are deficits and run away inflation. money is cheap, turn on the printers and print some more. if you've been to the grocery store lately, if you've filled up your car with gas you know that inflation is real because of all the money that we've printed over the last year and now joe biden wants to print more? it's going to mean higher taxes on people. i think bipartisanship on this, christi, is unlikely because we're on our way to an epic clash between liberals...
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Feb 12, 2013
02/13
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deficit reduction. what is the plan for-to-save social security and medicare for future generations. >> we can keep talking with the sxhour five hour and 15 minutes we have left on the program. thank you. >>> when does a shot that falls six feet short of the hoop count? may be the best shot we've every seen, that straight ahead. why not make the day unforgettable? with two times the points on travel, from taxis to trains. you'll be asking why not, a lot. chase sapphire preferred. there's more to enjoy. new griddle-melts to yourime usual breakfast sandwich. a lot more flavor. [ anouncer ] ihop's new griddle melts... made fresh and hot! hand crafted just for you. it's like a sexy sandwich. [ anouncer ] compare new griddle melts yourself. just $4.99. it's an epic breakfast sandwich. >>> welcome back, everybody. a high school basketball player could be changing the game when it comes to buzzer beaters, she sank what could be the best shot ever. jared greenberg joins us with today's bleacher report. >> take
deficit reduction. what is the plan for-to-save social security and medicare for future generations. >> we can keep talking with the sxhour five hour and 15 minutes we have left on the program. thank you. >>> when does a shot that falls six feet short of the hoop count? may be the best shot we've every seen, that straight ahead. why not make the day unforgettable? with two times the points on travel, from taxis to trains. you'll be asking why not, a lot. chase sapphire preferred....
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Dec 29, 2012
12/12
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but 90 million is not that much, especially when you consider the federal deficit is $16 trillion and climbing. to retire the debt, every single american would have to pay $50,000. but garcia says you got to start somewhere, especially when washington won't. the partisan fighting has bothered him since? 1992, when he first wrote his congressman, suggesting a formula to put down the debt. the veteran says he is giving back to a country that has given him so much. a sense of duty, that is infectious. his daughter is now collecting cans at work. his grandson drives garcia to friends' houses, just to collect more cans. garcia knows that his monthly money orders won't avert the fiscal cliff. but they say that is not the message garcia is sending to congress. >> in order to really solve the $16 trillion national debt you have to sacrifice. >> reporter: politicians talk about kicking the can down the road. one american has decided that road has to end. and it might as well be here. kyung lah, cnn, san antonio, texas. >>> back in a moment. it's lots of things. all waking up. connecting to the
but 90 million is not that much, especially when you consider the federal deficit is $16 trillion and climbing. to retire the debt, every single american would have to pay $50,000. but garcia says you got to start somewhere, especially when washington won't. the partisan fighting has bothered him since? 1992, when he first wrote his congressman, suggesting a formula to put down the debt. the veteran says he is giving back to a country that has given him so much. a sense of duty, that is...
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Aug 19, 2019
08/19
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in the last 2 1/2 years our deficit ballooned from $2 to $3 trillion. the taxpayers won't stand for it, and they should not. the farmers, we want our markets back. we're stoic, independent people. we spent a lot of our dollars building those marks. just like that, it's taken away from us. it's going to take a long time to get the market back. they say we'll get the china market back. we'll never get that back completely. we got the payments last year and this year and probably next year because there's a 2020 election next year. after that, who knows? some comments need to reign in here. >> quick question before i let you go. in a word from your view, from your seat and the seat of farmers you represent in minnesota, is the u.s. winning or losing the trade war with china? >> i can tell you the farmers are definitely losing. i know examples already of farmers that couldn't get operating loans, young farmers, some with their own family have beengenerations. farmers are losing big time. it's very disappointing. it's coming from somebody whose really never
in the last 2 1/2 years our deficit ballooned from $2 to $3 trillion. the taxpayers won't stand for it, and they should not. the farmers, we want our markets back. we're stoic, independent people. we spent a lot of our dollars building those marks. just like that, it's taken away from us. it's going to take a long time to get the market back. they say we'll get the china market back. we'll never get that back completely. we got the payments last year and this year and probably next year because...
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Dec 19, 2012
12/12
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kries crisis we had and the bowles-simpson commission were going to come up with plans to deal with the deficit and the long-term debt reduction, spending, and all of that and they came up with a plan and hasn't worked out that great. we're in the middle of a fiscal cliff crisis now. i want to see specifics. i want to see what the president announces, who will be on the commission, how long do they have, what's the mandate, what are the recommendations? or is this just going to be more talk, talk, talk, and not enough action, action, action? >> and speaking of action, wolf, you and i have covered enough of these things over the years to know there is great criticism when gun control comes up and the debate of it comes up in the immediate aftermath of a shooting. it feels different this time. the polling across the nation immediately afterwards showed a seismic shift it seemed in how people felt and the majority of americans felt that tighter gun controls were needed post what happened in newtown. some say that's political opportunists taking advantage of a situation. others say this is politics
kries crisis we had and the bowles-simpson commission were going to come up with plans to deal with the deficit and the long-term debt reduction, spending, and all of that and they came up with a plan and hasn't worked out that great. we're in the middle of a fiscal cliff crisis now. i want to see specifics. i want to see what the president announces, who will be on the commission, how long do they have, what's the mandate, what are the recommendations? or is this just going to be more talk,...
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Sep 19, 2011
09/11
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. >> i will not support any plan that puts all the burden for closing our deficit on ordinary americans. and i will veto any bill that changes benefits for those who rely on medicare but does not raise serious revenues by asking the wealthiest americans or biggest corporations to pay their fair share. >> that brings me to what's being called the buffett rule, named for billionaire who says the super rich are undertaxed. the president is insisting people who earn is million a year or more pay as much in taxes or more as ordinary wage earners do. republicans are up in arms but the president says it is not class warfare -- it is math. gloria, does the president's math actually add up? >> well, what he did today really was lay down a political marker. this is a president who's been accused by his base of not participating enough in his own health care reform plan or of negotiating with himself too early. what he did this time he said, look, if this were a perfect world for me, this is what i would do, and you'll notice in here that there aren't real entitlement cuts to beneficiaries. there
. >> i will not support any plan that puts all the burden for closing our deficit on ordinary americans. and i will veto any bill that changes benefits for those who rely on medicare but does not raise serious revenues by asking the wealthiest americans or biggest corporations to pay their fair share. >> that brings me to what's being called the buffett rule, named for billionaire who says the super rich are undertaxed. the president is insisting people who earn is million a year or...
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Nov 4, 2012
11/12
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governor romney touting what his final arguments say, pointing out the growing deficit and the economy problems under the obama administration. so those are the final messages that they're targeting toward those undecided voters, but for the 47% who have made up their mind, it's all about getting them to the polls right now. and in the last 48 hours of the campaign, you're going to see -- governor romney getting his last campaign appearance right here in new hampshire on monday nighnigh night. even though there's only four electoral states, there's a couple of scenarios when those four votes could come in handy. >> david mattingly, stay warm there in new hampshire. >>> the outcome of tuesday's election will have an impact on wall street as well as main street. in a minute we'll find out what impact. they have teachers... ...with a deeper knowledge of their subjects. as a result, their students achieve at a higher level. let's develop more stars in education. let's invest in our teachers... ...so they can inspire our students. let's solve this. we don't let frequent heartburn come betwe
governor romney touting what his final arguments say, pointing out the growing deficit and the economy problems under the obama administration. so those are the final messages that they're targeting toward those undecided voters, but for the 47% who have made up their mind, it's all about getting them to the polls right now. and in the last 48 hours of the campaign, you're going to see -- governor romney getting his last campaign appearance right here in new hampshire on monday nighnigh night....
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Aug 7, 2022
08/22
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. >> one other thing the cbo office said is the bill would reduce the deficit. republicans historically had been fairly focused on reducing the deficit. why not support that? >> it says it would reduce the deficit by $100 billion. we're going to spend almost $1 trillion. the truth is the american -- the obamacare subsidies go away after three years. well, we all know they're not going to go away. if they stayed in place for ten years, it would add $280 billion to the deficit. so it's a gimmick. they have a gimmick in the about i will to limit the subsidies for three years for people that make 300,000, $400,000 a year. not one republican will vote for it. >> where we can agree that will make things better is the irs will have resources it needs to go after the highest income americans cheating on their taxes right now. and it will mean more revenue for the government. frankly, cutting through all of the numbers, all of the cbo stuff, the average american sitting at their kitchen table deciding whether they can buy medicine, pay their mortgage, or go to the grocer
. >> one other thing the cbo office said is the bill would reduce the deficit. republicans historically had been fairly focused on reducing the deficit. why not support that? >> it says it would reduce the deficit by $100 billion. we're going to spend almost $1 trillion. the truth is the american -- the obamacare subsidies go away after three years. well, we all know they're not going to go away. if they stayed in place for ten years, it would add $280 billion to the deficit. so...
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Dec 22, 2012
12/12
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but the bigger issue of trying to deal with deficit reduction of entitlement reform, tax reform that is being put on the shelf right now. >> kicking the can down the road, i suppose. if there is no deal, will workers see extra taxes coming out of their paychecks starting january 1? >> that's the thing. technically taxes increase on january 1st. but if you were looking at your paycheck and trying to figure out am i going to be seeing this here just a matter of a couple weeks, no, actually. we wouldn't expect that you would be seeing your taxes in your paycheck being pulled until late january, early february, and that's because payroll processors will revert to that 2012 equation that they use for your taxes in your paycheck until they're sure there's certainty. because even if we were to go over the cliff, there's still a possibility it can still be fixed in the immediate time after that. >> so not an immediate cliff it sounds like. so house speaker john boehner was dealt hugely -- or what seems to be a hugely embarrassing blow when his own party refused to vote on his plan b proposal
but the bigger issue of trying to deal with deficit reduction of entitlement reform, tax reform that is being put on the shelf right now. >> kicking the can down the road, i suppose. if there is no deal, will workers see extra taxes coming out of their paychecks starting january 1? >> that's the thing. technically taxes increase on january 1st. but if you were looking at your paycheck and trying to figure out am i going to be seeing this here just a matter of a couple weeks, no,...
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Mar 10, 2021
03/21
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. >> let me ask you about the deficit, because you bring up the cost of this. that is, right, $1.9 trillion, but it's notable that the trump and republican tax cuts passed again through reconciliation in 2017, but by the estimates, both the nonpartisan committee for federal budget but also the cbo, they added exactly the same amount or in the same range to the deficit. so why the willingness to add to the deficit for tax cuts but not for economic relief? >> well, you know that revenue actually went up as a result of the tax cuts and the regulatory relief we've had under republicans and under president trump, but spending actually went up -- >> not in terms of how much is determined for the deficit. >> income went up by about 3%, spending went up by 7%. we have a big spending problem in this country. a lot of washington wasteful spending that we need to get under control, and both parties have not been able to do that to the degree that's necessary in the long-term best interests of our country. >> let me ask you about infrastructure, if i can, because that's ne
. >> let me ask you about the deficit, because you bring up the cost of this. that is, right, $1.9 trillion, but it's notable that the trump and republican tax cuts passed again through reconciliation in 2017, but by the estimates, both the nonpartisan committee for federal budget but also the cbo, they added exactly the same amount or in the same range to the deficit. so why the willingness to add to the deficit for tax cuts but not for economic relief? >> well, you know that...
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Jul 26, 2011
07/11
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these emergency steps also added to the deficit. every family knows a little credit card debt is manageable. but if we stay on the current path, our growing debt could cost us jobs and do serious damage to the my. more of our tax dollars will go toward paying off the interest on our loans. businesses will be less likely to open up shop and hire workers in a country that can't balance its books. interest rates could climb for everyone who borrows money. the home own we are a mortgage. student with a college loan. the corner store that wants to expand. and we won't have dmuf money to make job creating investments and things like education and infrastructure or pay for vital programs like medicare and medicaid. because neither party is blameless for the decisions that led to this problem, both parties have a responsibility to solve it. over the last several months, that's who we've been trying to do. i won't bore you with the details of every plan or proposal but the debate has basically centered around two different approaches. the fi
these emergency steps also added to the deficit. every family knows a little credit card debt is manageable. but if we stay on the current path, our growing debt could cost us jobs and do serious damage to the my. more of our tax dollars will go toward paying off the interest on our loans. businesses will be less likely to open up shop and hire workers in a country that can't balance its books. interest rates could climb for everyone who borrows money. the home own we are a mortgage. student...
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Dec 22, 2012
12/12
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unemployment insurance for 2 million americans, and lays the groundwork for further work on both growth and deficit reduction. that's an achievable goal. that can get done in ten days. >> congress is also in recess until after christmas. in his weekly address, house speaker john boehner accused the president and senate democrats of failing to offer a responsible solution. boehner's own proposal had to be pulled this week after he failed to get enough support from fellow republicans. >>> and the national rifle association promised meaningful contributions to avoid another tragedy like the one in newtown, connecticut. friday, the gun rights group unveiled that plan. nra executive vice president wayne lapierre says the u.s. should put armed guards in all schools. the comments came one week after 20 children and seven adults excludeing the gunman were killed in one of the worst mass shootings in u.s. history. >>> and what was a poorly guarded secret in washington, john kerry nominated to the next secretary of state. susan rice was believed to be the first choice, but she pulled her name out of the runn
unemployment insurance for 2 million americans, and lays the groundwork for further work on both growth and deficit reduction. that's an achievable goal. that can get done in ten days. >> congress is also in recess until after christmas. in his weekly address, house speaker john boehner accused the president and senate democrats of failing to offer a responsible solution. boehner's own proposal had to be pulled this week after he failed to get enough support from fellow republicans....
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Oct 8, 2013
10/13
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you have to reduce the deficit our way. and in exchange we'll agree to pay the country's bills on time. >> are they backing off the obama care part of this? we haven't talked about obama care so much tonight. >> i want to talk about obama care specifically. which is in your space, maryland, only 326 people according to the "wall street journal" today have enrolled today. 326. that is a sad and small number especially since your governor said he wanted maryland to lead the way. are you concerned by the fact that the obama administration has not been releasing the numbers of people and obviously there are serious problems with the website that many critics say they are not fully transparent about. >> we had the same problem in maryland. we were swamped in the first days in terms of the number of people coming on to the website and shopping for health insurance. that's a good sign. obviously there were a lot of glitches. they will have to get the system in shape. but we'll know by the end of the next couple months. a lot of pe
you have to reduce the deficit our way. and in exchange we'll agree to pay the country's bills on time. >> are they backing off the obama care part of this? we haven't talked about obama care so much tonight. >> i want to talk about obama care specifically. which is in your space, maryland, only 326 people according to the "wall street journal" today have enrolled today. 326. that is a sad and small number especially since your governor said he wanted maryland to lead the...
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Apr 10, 2013
04/13
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the goal here they say stabilizing our deficit over the next ten years or so. when you look at what that chart looks like, you can see the budget deficit is the size of the economy very, very big. and then it levels off about 2015. that's what they say this projected budget would do, suzanne. >> christine, talk about this concession made to republicans. this has to do with the way that inflation is measured and how it would impact older people. >> that's exactly right. it's kind of a budget wonky change in how they would calculate cpi, that's that annual consumer price increase people get in their social security checks. here's what it would look like. the basic measure of inflation, recalculate it so people would have a smaller check. seniors ultimately would have a smaller check that would reduce the deficit, but it would also reduce what seniors bring home in their checks. and that has been something that enraged progressives and people on the left who do not want seniors to come home withless money in their check. the white house says, look, we have made im
the goal here they say stabilizing our deficit over the next ten years or so. when you look at what that chart looks like, you can see the budget deficit is the size of the economy very, very big. and then it levels off about 2015. that's what they say this projected budget would do, suzanne. >> christine, talk about this concession made to republicans. this has to do with the way that inflation is measured and how it would impact older people. >> that's exactly right. it's kind of...
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Oct 13, 2012
10/12
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finally let's take a look at the deficit. romney is planning to cut a lot more than funding to big bird and pbs. his plans include repealing obama care, reducing foreign aide and privatizing amtrak. you may notny that's that big of a deal. i use it all the time. romney says privatizing it will save $1.3 billion. the budget is made up a lot of small things. however he does it, his goal is to reduce government spending to 20% of gdp. gdp is the biggest measure of everything we produce in society. he wants to do that by the end 6 his first term. right now government spending is at 25% of gdp. let's shed some more light on what romney's america would look like. kevin hassette is an economic adviser for mitt romney. stevon moore is an editorial writer for "the wall street journal." my good friend christine romans is the host of "your botto line" right here on cnn. folks, no party or ideological spin today, no using the name obama or the term democrat. pain the me a picture of what the world looks like under romney four years from
finally let's take a look at the deficit. romney is planning to cut a lot more than funding to big bird and pbs. his plans include repealing obama care, reducing foreign aide and privatizing amtrak. you may notny that's that big of a deal. i use it all the time. romney says privatizing it will save $1.3 billion. the budget is made up a lot of small things. however he does it, his goal is to reduce government spending to 20% of gdp. gdp is the biggest measure of everything we produce in society....
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May 15, 2019
05/19
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last i saw, the last numbers they saw, we had about a $400 billion trade deficit with china, which is not a good thing. but what we need to do is figure out a way that we develop a trade policy, which is fair for american workers, it is fair for our farmers, it is not written by the ceos of large corporations, who then are throwing american workers out on the street. one of the ways, anderson, that i think we have got to move, we have got to demand decent corporate citizenship of the major corporations in this country. you know, what's happening today and has happened for many, many years now is corporations that are making money shut down in america, move to low-wage countries, and the next day they're in line to get government contracts. they give themselves compensation packages for the ceos that are 300 times what their workers are making. and i think we have got to say to those corporations, you know what, if you want a government contract, you're going to have to be a decent employer. pay your workers a decent wage, allow them to form unions, if they want to. you cannot afford t
last i saw, the last numbers they saw, we had about a $400 billion trade deficit with china, which is not a good thing. but what we need to do is figure out a way that we develop a trade policy, which is fair for american workers, it is fair for our farmers, it is not written by the ceos of large corporations, who then are throwing american workers out on the street. one of the ways, anderson, that i think we have got to move, we have got to demand decent corporate citizenship of the major...
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Oct 8, 2013
10/13
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into record deficits. and that's a fact. but we have to go to a break right now. when we can continue this when we come back. david, in a minute, i also want to ask you about the latest proof that voters, including many republicans are getting sick of these antics. they're tired of being pushed around by the tea party. humans. even when we cross our "ts" and dot our "i's", we still run into problems. that's why liberty mutual insurance offers accident forgiveness with our auto policies. if you qualify, your rates won't go up due to your first accident. because making mistakes is only human, and so are we. we also offer new car replacement, so if you total your new car, we'll give you the money for a new one. call liberty mutual insurance at... and ask us all about our auto features, like guaranteed repairs, where if you get into an accident and use one of our certified repair shops, the repairs are guaranteed for life. so call... to talk with an insurance expert about everything that comes standard with ou
into record deficits. and that's a fact. but we have to go to a break right now. when we can continue this when we come back. david, in a minute, i also want to ask you about the latest proof that voters, including many republicans are getting sick of these antics. they're tired of being pushed around by the tea party. humans. even when we cross our "ts" and dot our "i's", we still run into problems. that's why liberty mutual insurance offers accident forgiveness with our...
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Dec 4, 2013
12/13
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kind of brand bargain that talked about entitlements and the big issues contributing to the debt and deficit. >> we'll see what they can come up with between now and then. that's it for me. i'm be back 5:00 p.m. eastern in "the situation room." "newsroom" continues right now with brooke baldwin. >>> hi, there. i'm brooke baldwin live in new york today. we begin with a story that absolutely broke the nation's heart. i'll never forget it. i was there in newtown. i saw first hand the utter devastation, the anguish upon the faces of those in the community, the first responders, the children because of the shooting at sandy hook elementary school. i talk eed to a first responder trembling with grief. i saw the funeral processions with the tiny white caskets for young first grade victims, and moments ago, we got the 911 calls, these tapes, from that mass shooting in this quaint connecticut town. the 911 calls from inside the school where a an
kind of brand bargain that talked about entitlements and the big issues contributing to the debt and deficit. >> we'll see what they can come up with between now and then. that's it for me. i'm be back 5:00 p.m. eastern in "the situation room." "newsroom" continues right now with brooke baldwin. >>> hi, there. i'm brooke baldwin live in new york today. we begin with a story that absolutely broke the nation's heart. i'll never forget it. i was there in newtown....
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Jun 12, 2022
06/22
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we bring down the budget deficit. we take down prices directly through prescription drugs. this is a challenge that we can meet, if we're prepared to be serious about taking it on. >> secretary yellen, who has the job you once had, said this week that, quote, there is nothing to suggest a recession is in the works. do you agree with that? >> no, i don't. >> you think a recession is in the works? >> i think when inflation is as high as it is right now and unemployment is as low as it is right now, it's almost always been followed within two years by inflation, by recession. i look at what's happening in the stock and bond markets. i look at where consumer sentiment is, i think there's certainly a risk of recession in the next year and where we've gotten to is more likely than not that we'll have a recession within the next two years. that is something we can manage. we've had them for the whole history of the country. we need to be prepared and to respond quickly. if and when it happens, but i think the optimists were wrong a year ago in saying we have no inflation, and i th
we bring down the budget deficit. we take down prices directly through prescription drugs. this is a challenge that we can meet, if we're prepared to be serious about taking it on. >> secretary yellen, who has the job you once had, said this week that, quote, there is nothing to suggest a recession is in the works. do you agree with that? >> no, i don't. >> you think a recession is in the works? >> i think when inflation is as high as it is right now and unemployment is...
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Jan 2, 2013
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>> more deficit reduction. democrats joined with republicans and cut spending $1 trillion in the past so we got that locked in. we have 600 million in revenues. wish there were more deficit reductions, every time we tried to offer a compromise on broader deficit reductions, even giving them some of the things they wanted, they would move further away from us, up until 11:00 last night. >> congressman, let me jump in. one criticism, just jumping on this, the president ran on the promise for the middle class with extending cuts for folks, making $250,000 or below, we know that number is right around the $400,000, $450,000 ballpark range. we know how it went in the senate. eight no votes before it went to the house, including democrat senator tom harkin, take a listen to what he said. >> if we are going to have some kind of a deal. the deal must be one that favors the middle class. those that are making $30,000, $50,000, $70,000 a year. that's the real middle class in america. and as i see this thing developing, q
>> more deficit reduction. democrats joined with republicans and cut spending $1 trillion in the past so we got that locked in. we have 600 million in revenues. wish there were more deficit reductions, every time we tried to offer a compromise on broader deficit reductions, even giving them some of the things they wanted, they would move further away from us, up until 11:00 last night. >> congressman, let me jump in. one criticism, just jumping on this, the president ran on the...
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May 23, 2020
05/20
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and in fact, they're forecasting a budget deficit of something like $240 million into the year 2022 and the problem is they just lost all of their hotel and sales tax revenue so it's going to take a long time for them to come back to what they were before. they just had to lay off 150 people here in the city of 90,000. they also had buyouts of another 120 or so. it's been gut-wrenching and these beach cities have been super hard hit and you may know the unemployment rate in california now, 15 agonizing percent. back to you now, ana. >> paul vercammen in santa monica, thanks. >>> let's go to cnn's evan mcmorris-santoro on the boardwalk of new jersey's belmar beach. we know phil murphy is allowing outdoor crowds of up to 25 people to gather this weekend but it's a rainy weekend here in the northeast, evan. are people still going to the beach? >> reporter: well, the plan for this weekend was for towns in the jersey shore to debut these complex and expensive plans to reopen these economically crucial beaches while also maintaining social distance, kind of a two-prong strategy involving pers
and in fact, they're forecasting a budget deficit of something like $240 million into the year 2022 and the problem is they just lost all of their hotel and sales tax revenue so it's going to take a long time for them to come back to what they were before. they just had to lay off 150 people here in the city of 90,000. they also had buyouts of another 120 or so. it's been gut-wrenching and these beach cities have been super hard hit and you may know the unemployment rate in california now, 15...
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Jan 7, 2014
01/14
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and since i took office, we have cut our deficits by more than half. so america is getting stronger, and we have made progress. the economy is growing. and we have got to do more to make sure that all americans share in that growth. we've got to help our businesses create more jobs, we've got to make sure those jobs offer the wages and benefits that let families rebuild a little security. in other words, we've got to make sure this recovery leaves nobody behind. and we've got a lot of work to do on that front. the good news is, i'm optimistic we can do it if we do it together. before the holidays, both parties compromised on a budget that lifts some of the drag that's been on the economy from these indiscriminate cuts we call sequester. and as a consequence, this year we may see more stability when it comes to economic growth. and i think i'm not alone in saying that we are all grateful in the new year that we won't have another partisan shutdown, hopefully, going forward. so that was a good sign. we should build on that progress. with what i said shou
and since i took office, we have cut our deficits by more than half. so america is getting stronger, and we have made progress. the economy is growing. and we have got to do more to make sure that all americans share in that growth. we've got to help our businesses create more jobs, we've got to make sure those jobs offer the wages and benefits that let families rebuild a little security. in other words, we've got to make sure this recovery leaves nobody behind. and we've got a lot of work to...
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May 18, 2013
05/13
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i think the chance of another down grade is remote because of the spectacular progress on the deficit. here is the interesting angle to me. it is not that obama's agenda is in at that time in tatteres is, it was months ago. i think what may has been, the things he doesn't want may get shoved down his throat, keystone pipeline and maybe another sequester n november he may have to accept sequester for 2014. >> slowly healing jobs market and plunging deficit mean there is a lot of other things, scandal things talking about in washington. if we were talking about those things, i can assure you democrats would be talking about the other two. thanks, guys. >> coming up. u 8 >>> partisanship and the inability of our elected leaders to put our prosperity ahead of politics paralyzed washington and that paralysis brought us debt debacles, sequesters, fiscal cliffs and it has gotten so bad olympia snow decided last year she could serve no more. she has a new book fighting for common ground, a memoir of her career. when i sat down with her i asked her point-blank what is wrong with these people i
i think the chance of another down grade is remote because of the spectacular progress on the deficit. here is the interesting angle to me. it is not that obama's agenda is in at that time in tatteres is, it was months ago. i think what may has been, the things he doesn't want may get shoved down his throat, keystone pipeline and maybe another sequester n november he may have to accept sequester for 2014. >> slowly healing jobs market and plunging deficit mean there is a lot of other...
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May 22, 2011
05/11
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bush, dance was there when the country went from a surplus to the deficit. he says the problem wasn't him but that the bubble burst and we had a recession. >> wouldn't have mattered what policies you tried to implement. >> reporter: he's been a conservative governor pushing for a balanced indiana state budget, killing funding for planned parenthood, enacting one of the most aggressive school voucher programs in the country. but he's been whacked by conservatives for proposing a truce on social issues until the country gets its finances fixed. >> someone who doesn't believe that the social issues are part of the agenda and are part of the total platform, that person is not going to be nominated by the republican party in my lifetime. >> reporter: daniels, the guy, has a colorful story. he admits he was arrested on a marijuana charge while attending princeton but those charges were dropped in a plea deal. he paid a $350 fine for maintaining a common nuisance. he and his wife sherry divorced in the mid 1990s. she married another man and divorced him also. later
bush, dance was there when the country went from a surplus to the deficit. he says the problem wasn't him but that the bubble burst and we had a recession. >> wouldn't have mattered what policies you tried to implement. >> reporter: he's been a conservative governor pushing for a balanced indiana state budget, killing funding for planned parenthood, enacting one of the most aggressive school voucher programs in the country. but he's been whacked by conservatives for proposing a...
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Oct 4, 2012
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that's the big driver of our deficits right now. my grandmother, some of you know, helped to raise me, and my grandparent did. my grandfather died a while back. my grandmother died three days before i was elected president. she was fiercely independent. only with a high school education, started as a secretary and ended up being vice president of a local bank. she ended up living alone by choice, and the reason she could be independent was because of social security and medicare. she had worked all her life, put in this money, and understood that there was a basic guarantee under which she could not go. that's the perspective i bring when i talk about what's called entitlements. the name implies some sort of dependency on the part of folk. these are folks that have worked hard, like my grandmother and millions are counting on this. my approach is to say how do we strengthen the system over the long term? in medicare, what we did, we id we are going to have to bring down the costs if we are going to deal with long-term deficits. to d
that's the big driver of our deficits right now. my grandmother, some of you know, helped to raise me, and my grandparent did. my grandfather died a while back. my grandmother died three days before i was elected president. she was fiercely independent. only with a high school education, started as a secretary and ended up being vice president of a local bank. she ended up living alone by choice, and the reason she could be independent was because of social security and medicare. she had worked...